Short v. Allegheny Trust Co.

Opinion by

Mr. Justice Stern,

Plaintiff, indebted to defendant on loans, executed and delivered to it two promissory notes, dated May 2, 1933, in the amounts of $56,027.50 and $83,495.72 respectively, payable five months after date. With each was deposited certain enumerated stocks and bonds as collateral, and the notes gave defendant the “right to call for such additional collateral security as the holder hereof may from time to time demand, and on failure to deposit such additional collateral security, the amount of this obligation shall, at the option of the holder, be deemed to be due and…